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RE: Bank of Neoxian: June 2018 update: APR 6%

in #bank6 years ago

I have a question... why does the 25 and 27 SBD have higher interest than my 39 SBD? Btw u spelled mine as sdb. haha.

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Because much of your deposit was recent so you didn't get full interest from it this month. Next month will higher interest (assuming you don't withdraw).

Hmmm.... Even from last month? Last month I was at 34, so if I understand it correctly, the interest grows per month based on when it was deposited?... and so in Jun I only added around 5 SBD, the rest from May would probably have counted in June already? I'd like to understand how it is still 0.08.

Hope you'd let me know. Thank you. :) @neoxian

Ok, it looks like I made a mistake with your interest. I'll calculate it based on last month's balance of 34, so it should increase. As you can tell, this is a very manual system. Ill have it fixed in about 6 hours.

Oh thank you for checking. I only noticed it now. Hehe. And it's alright if it's manually done. Thanks again! 😊

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Here are the revised numbers.

DepositorAmountCurrencyMonthly InterestNewAmount
artgirl39.743sbd0.17339.916

Thanks much! 👍👍👍

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